A co-founder of the classified advertising site Backpage.com who has been jailed for the last 10 days on charges of facilitating prostitution has been released in Phoenix on a $1 million bond as he awaits trial.
[RELATED: Backpage.com shut down by FBI]
Magistrate Judge John Boyle ordered James Larkin to put up two properties as surety on the bond.
Larkin also was ordered to wear an electronic monitoring device.
Larkin, co-founder Michael Lacey and five Backpage.com employees were arrested in what authorities say was a scheme to publish prostitution ads.
The site founders and four employees pleaded not guilty.
Last week, authorities revealed Backpage.com CEO Carl Ferrer pleaded guilty to a federal conspiracy charge in Arizona and money laundering charges in California.
Lacey was released after posting a $1 million bond.
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